Condominium is not a common residential arrangement in India but we are aware of the term. Here in our country, terms like apartments and flats are more familiar. But you know I have been wondering for a long time what is the difference between a condominium and an apartment. To eliminate this confusion of condominium vs apartment for you, I am here. I am going to explain it from my understanding, let me know if this helps you.
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Before diving into the condominium vs apartment debate, let us understand them on a basic level. A condo is a part of a large building which has separate single units. An apartment is owned completely by an individual or single entity. Here is the table to differentiate between the two:
| Particulars | Condominium | Apartment |
Ownership |
In a condo, the individual owner is the landlord, however, it is managed by a property management company |
An apartment is owned by an individual or corporation for which services are provided by the corporation of the society |
Cost |
Condo is usually priced at a lower band to suit an individual |
Apartment is priced at a higher band as it usually is owned for families |
Maintenance |
The maintenance for a condo is done by the property management company so you will have to pay extra charges |
An apartment is usually maintained by the family but the building is managed and maintained by the corporation |
Number of units |
A condominium is formed with 3 to 5 units |
A building must have at least 10 families in it to call the housing units an apartment |
These are a few points to highlight condominium vs apartment.
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What is the difference between a condominium and an apartment?
Baijnath
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3 Year
2021-09-20T13:04:22+00:00 2021-09-20T22:51:32+00:00Comment
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